Common use of Payment Of Qualified Joint And Survivor Annuity Clause in Contracts

Payment Of Qualified Joint And Survivor Annuity. Unless an optional form of benefit is selected pursuant to a Qualified Election within the 90-day period ending on the Annuity Starting Date, a married Participant's Vested Account Balance will be paid in the form of a Qualified Joint and Survivor Annuity and an unmarried Participant's Vested Account Balance will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the Early Retirement Age under the Plan.

Appears in 6 contracts

Samples: East West Bancorp Inc, Adoption Agreement (Shared Technologies Cellular Inc), Standarized Adoption Agreement (Oregon Trail Financial Corp)

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Payment Of Qualified Joint And Survivor Annuity. Unless an optional form of benefit is selected pursuant to a Qualified Election within the 90-day period ending on the Annuity Starting Date, a married Participant's Vested Account Balance will be paid in the form of a Qualified Joint and Survivor Annuity and an unmarried Participant's Vested Account Balance will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the attaining Early Retirement Age under the Plan.

Appears in 1 contract

Samples: First Keystone Corp

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Payment Of Qualified Joint And Survivor Annuity. Unless an optional form of benefit is selected pursuant to a Qualified Election within the 90-90 day period ending on the Annuity Starting Date, a married Participant's Vested Account Balance will be paid in the form of a Qualified Joint and Survivor Annuity and an unmarried Participant's Vested Account Balance will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the attaining Early Retirement Age under the Plan.

Appears in 1 contract

Samples: First Keystone Corp

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